Mexican Airport Operator Raises $1 Billion in Ipo
Global Finance › Vol. 20 Nbr. 4, April 2006
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Summary
Grupo Aeroportuario del Pacifico (GAP) Mexico's largest airport operator, raised $1 billion in the country's largest privatization since the sale of Telmex in 1990. GAP listed its American depositary receipts (ADRs) on the New York Stock Exchange (NYSE), becoming the 17th company from Mexico to list on the exchange. The exchange said the transaction was the largest IPO from Latin America on the NYSE since Brazil's Petrobras in Aug 2000. I.A. Englander, a New York-based derivatives broker, has added American depositary receipts of more than 50 British companies to its electronic platform, ADR Navigator, which enables institutional investors to convert ADRs to ordinary shares and vice versa.
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Mexican Airport Operator Raises $1 Billion in Ipo
Grupo Aeroportuario del Pacifico, or GAP, Mexico's largest airport operator, raised $1 billion in the country's largest privatization since the sale of Telmex in 1990.
The government ...See the full content of this document
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